LDkeynote: WARNING ! WARNING ! WARNING ! Good chance of a major sell signal today. If, so the sell will be at next day's open.
Let's take a look at things: (1)$BPCOMPQ is way over 45, so any turn will generate the sell signal. (2) The following Indexes traded above the Dec 2002 high: $COMPQ $NDX QQQ (3) The following Indexes have NOT traded above the Dec 2002 high: $NYA $TMW (Wilshire 5000 on Esignal) $INDU $SPX $SOX SMH
Translation: Market has gone right up to the cutting edge.IMHO.
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